Fitbit (NYSE:FIT) has revealed a visible change in the trend volumes of the stock market recently. Six analysts have provided estimates for Fitbit's earnings, with the lowest sales estimate coming in at $244.10 million and the highest estimate coming in at $248.57 million.
Fitbit Inc (NYSE:FIT) has an ABR of 2.97 which is the combined stock view of 11 analysts poll results. The term Perf Week is often used by stock analysts in order to weigh up the weekly performance of shares, dividends, bonds, gold, silver and other items existing in the stock market.
A number of research analysts have commented on the company. 125.00 % negative EPS growth is what Wall Street's predicts after $-0.12 reported EPS last quarter. Fitbit had a negative net margin of 17.16% and a negative return on equity of 17.11%. The business had revenue of $570.76 million for the quarter, compared to analysts' expectations of $587.03 million. analysts forecast that Fitbit will post -0.55 EPS for the current year. (NYSE:FIT) rating. Stifel Nicolaus has "Hold" rating and $6.0 target. Morgan Stanley set a $6.00 price target on Fitbit and gave the stock a "hold" rating in a report on Friday, January 5th. ValuEngine cut shares of Fitbit from a "hold" rating to a "sell" rating in a research note on Friday, December 15th. Deutsche Bank maintained the shares of FIT in report on Thursday, August 3 with "Hold" rating.
Taking a glance at where the stock might be directed in the future, on a consensus basis, the sell-side has a 52 week price target of $6.13 on the stock, this valuation is based on 11 number of opinions.
In the meantime, FIT has week volatility of up to 4.29%. The company has a market cap of $1,107.66, a price-to-earnings ratio of -8.22 and a beta of 1.92. The stock has a 52 week low of $4.51 while its 52 weeks high is $7.32. On Thursday, March 15 the stock has "Hold" rating by Roth Capital. The shares were sold at an average price of $6.01, for a total value of $2,220,003.85. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The shares were sold at an average price of $4.62, for a total transaction of $69,300.00. The PEG ratio is used to determine a stock's value while taking the company's earnings growth into account, and is considered to provide a more complete picture than the P/E ratio. The disclosure for this sale can be found here. Greenwich Wealth Management LLC increased its holdings in Fitbit by 84.1% during the 4th quarter. Accern also assigned press coverage about the scientific and technical instruments company an impact score of 44.4699385545025 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company's share price in the near term. Fitbit Inc (FIT) presently has a 14-day Commodity Channel Index (CCI) of 181.67. Insiders own 37.29% of the company's stock. BlackRock Institutional Trust Company N.A. now owns 3,472,704 shares of the company's stock worth $51,535,000 after buying an additional 717,383 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD boosted its holdings in Fitbit by 9.0% in the 4th quarter.
By implementing the simple moving average system, short-term traders can evaluate the stocks effortlessly as compared to the long-term moving average. Finally, Ingalls & Snyder LLC purchased a new stake in Fitbit during the 4th quarter worth approximately $140,000.
If the answer is less than 1, it indicates that price of the stock is in losing momentum. Institutional investors and hedge funds own 61.49% of the company's stock.
TRADEMARK VIOLATION WARNING: This story was originally posted by The Lincolnian Online and is the sole property of of The Lincolnian Online. On Tuesday, February 27 the company was maintained by Citigroup. The firm offers Fitbit Zip, an entry-level wireless activity tracker that allows users to track daily activity statistics, such as steps, distance, calories burned, and active minutes; Fitbit One, a clippable wireless tracker, which tracks floors climbed and sleep, as well as daily steps, distance, calories burned, and active minutes; and Fitbit Flex 2, a water-resistant fitness wristband that tracks pool swims comprising laps, duration, and calories burned in the Fitbit App.